TATA STEEL UK LIMITED

1. TATA STEEL UK LIMITED 2010-09-27 → present
2. CORUS UK LIMITED 2000-04-17 → 2010-09-27
3. BRITISH STEEL LIMITED 1988-07-26 → 2000-04-17

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. TATA STEEL UK LIMITED · parent
   1. Tata Steel International (South America) Representacoes Limited · Brazil
   2. Catnic GmbH · Germany
   3. Tata Steel International (India) Limited · India
   4. Gamble Simms Metals Limited · Ireland
   5. Crucible Insurance Company Limited · Isle of Man
   6. Tata Steel Mexico SA de CV · Mexico
   7. Tata Steel International (Nigeria) Limited · Nigeria
   8. Tata Steel Norway Byggsystemer A/S · Norway
   9. Corus International Romania SRL · Romania
   10. TS South Africa Sales Office Proprietary Limited · South Africa
   11. Surahammar Bruks AB · Sweden
   12. Air Products Llanwern Limited 50% · United Kingdom
   13. Texturing Technology Limited 50% · United Kingdom
   14. Ravenscraig Limited 33% · United Kingdom

Significant events

• “In September 2024, Tata Steel UK Limited (TSUK') finalised a Grant Funding Agreement ('GFA') with the UK Government on a proposal to invest in state-of-the-art electric arc furnace ('EAF') steelmaking at the Port Talbot site with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million.”
• “In February 2025, Neath Port Talbot Council's Planning Committee approved TSUK's proposals to deliver EAF steelmaking in Port Talbot which will enable commencement of the construction work on Port Talbot site in the summer of 2025.”
• “On 19 January 2024, TSUK announced a restructuring and transformation of its business. As part of the restructuring, Port Talbot's two high-emission blast furnaces were closed during 2024/25 along with associated primary steelmaking assets.”
• “The transformation also included the wider restructuring of other locations and functions across the business, including the closure of the Continuous Annealing Processing Line ('CAPL') in March 2025.”
• “At 31 March 2025, the number of employees in the Company was 6,046 (2024: 7,753). Further details of the number of employees and related costs can be found in Note 4 to the financial statements.”
• “On 28 May 2025, and in line with its long term pension de-risking strategy, TSUK served notice to the Trustee of the British Steel Pension Scheme that the winding up of the Scheme shall begin with such process expected to take between 12-24 months.”
• “Since the year end, the Company has received £120m equity funding from Corus Group Limited.”
• “On 27 February 2025, Tata Steel International (India) Limited repurchased a portion of its own shares from the Company.”
• “During the year, the Company completed the dissolution of the below 3 subsidiaries, having previously entered them into members voluntary liquidation.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

14

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -14.6%

  £2,629,000,000 → £2,246,000,000

• Cash

  +186.4%

  £22,000,000 → £63,000,000

• Net assets

  +36.4%

  -£1,085,000,000 → -£690,000,000

• Employees

  -9.9%

  7,914 → 7,130

• Operating profit

  +59%

  -£1,054,000,000 → -£432,000,000

• Profit before tax

  +53.4%

  -£1,115,000,000 → -£520,000,000

• Wages

  -11.7%

  £333,000,000 → £294,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers